BHAGERIA : Reversal on the cards

Jul 28, 2017

Price action has been trading in a descending triangle pattern after a sharp up move. Also retracements are weakening which indicates a possibility of trend reversal. Once closes above 333, one can initiate longs with safe SL and ride as it goes up. Beware of fake breakouts, has been common nowadays.

Jul 31, 2017

Note

Did not know that quarterly results were announced on 28th. Gapped down due to bad Q1 results.